NOP/Interest Charges Ratio Sample Clauses

NOP/Interest Charges Ratio. The Company will not at any time permit the NOP/Interest Charges Ratio to be less than 2.25 to 1.0."
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NOP/Interest Charges Ratio. At any time permit the NOP/Interest Charges Ratio to be less than 2.5 to 1.0.
Sample 1Sample 2
NOP/Interest Charges Ratio. At any time permit the NOP/ Interest Charges Ratio to be less than 2.25 to 1.0; provided, however, that for purposes of computing the NOP/Interest Charges Ratio for the respective fiscal quarters ending August 1, 1998, and October 31, 1998, only, the NOP/Interest Charges Ratio shall be measured not on a four (4) consecutive fiscal quarter basis as provided for in the definition of the term NOP/Interest Charges Ratio, but rather on the basis of the period elapsed in fiscal year 1998 (e.g., the ratio for the second quarter of 1998 shall compare Net Operating Profit for the first two quarters of fiscal year 1998 to Interest Expense for the same period, and the ratio for the third quarter shall compare Net Operating Profit for the first three quarters of fiscal year 1998 to Interest Expense for the same period)." For periods prior to the second fiscal quarter of 1998, the NOP/Interest Charges Ratio shall be determined based on the provisions of the Guarantee (as heretofore amended) without regard to the foregoing restatement of Section 8(e). In consideration of the modification set out above with respect to Section 8(e) of the Guarantee, simultaneously herewith Guarantor shall pay to Agent, on behalf of itself as a Purchaser and Instrument Holder and the other Purchasers and Instrument Holders, a fee in the amount of 5.0 basis points (.05%) times the aggregate outstanding balance of the Instruments held by each such Instrument Holder.
Sample 1

Related to NOP/Interest Charges Ratio

  • Fixed Charges Ratio Permit the ratio of Net Earnings Available for Fixed Charges to Fixed Charges for any fiscal quarter of the Capital Corporation and its consolidated Subsidiaries (including the last quarter of any fiscal year of the Capital Corporation and its consolidated Subsidiaries) to be less than 1.05 to 1.

  • Interest Charges Overdue payments may, at the sole discretion of SYSTEM, be subject to a daily charge commencing on the 31st day after such payment is due, compounded monthly, at the rate of either one and one-half percent (1.5%) per month or the highest legal interest rate, whichever is lower. The payment of such interest will not foreclose SYSTEM from exercising any other rights it may have as a consequence of the lateness of any payment.

  • MINIMUM INTEREST CHARGE Borrower agrees that all loan fees and other prepaid finance charges are earned fully as of the date of the loan and will not be subject to refund upon early payment (whether voluntary or as a result of default), except as otherwise required by law. In any event, even upon full prepayment of this Note, Borrower understands that Lender is entitled to a minimum interest charge of $250.00. Other than Borrower's obligation to pay any minimum interest charge, Borrower may pay without penalty all or a portion of the amount owed earlier than it is due. Early payments will not, unless agreed to by Lender in writing, relieve Borrower of Borrower's obligation to continue to make payments of accrued unpaid interest. Rather, they will reduce the principal balance due.

  • Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.00 to 1.00.

  • Fixed Charges Coverage Ratio The Company will not permit the Consolidated Fixed Charge Coverage Ratio to be less than 2.00 to 1.00.

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (i) Consolidated EBITDA to (ii) Consolidated Cash Interest Expense for any period of four consecutive fiscal quarters to be less than 3.75 to 1.00.

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Interest Expense For any period with respect to Parent Borrower and its Subsidiaries, without duplication, (a) interest (whether accrued or paid) actually payable (without duplication), excluding non-cash interest expense but including capitalized interest not funded under a construction loan, together with the interest portion of payments actually payable on Capitalized Leases, plus (b) Parent Borrower’s and its respective Subsidiaries’ Equity Percentage of Interest Expense of their Unconsolidated Affiliates for such period.

  • Consolidated Interest Expense With respect to any period, without duplication, (a) total Interest Expense of REIT and its Subsidiaries determined on a Consolidated basis in accordance with GAAP for such period, plus (b) such Person’s Equity Percentage of Interest Expense of its Unconsolidated Affiliates for such period.

  • Interest Coverage Ratio The Borrower will not permit the Interest Coverage Ratio to be less than 2.75 to 1.0 on the last day of any Fiscal Quarter.

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